Title Finansinių ataskaitų elementų įvertinimo būdai viešojo ir privataus sektoriaus apskaitoje /
Translation of Title Evaluation of financial statement elements in Lithuanian public and private sector accounting.
Authors Rudžionienė, Kristina
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Is Part of Ekonomika ir vadyba: aktualijos ir perspektyvos / Šiaulių universitetas.. Šiauliai : Šiaulių universiteto leidykla. 2009, nr. 2, p. 227-236.. ISSN 1648-9098
Keywords [eng] Financial statements ; Business enterprises ; Finance ; public
Abstract [eng] Financial accounting is not only a historical cost accounting in XX–XXI centuries. It is a need to use other methods of evaluation of financial statements‘ elements seeking the main purpose of financial accounting – to disclose true and fair value of public sector assets, net assets/ equity, liabilities, results of activity. One of the most important choices is the choice of an evaluation method which influence financial statement elements values. This problem was not analysed in Lithuanian scientific literature. The reform of public sector’s accounting has been going on in Lithuania. In 2010 Public sector accounting and financial reporting staundards will come into force. It will require more attention to accounting for all public sector subjects, including evaluation of financial reports’ elements. Subjects of the public sector should seek the main purpose of financial accounting – to disclose true and fair view of a financial position and results as it is stated in the private sector accounting standards. Accountants of public sector subjects should choose evaluation methods when they register operations firstly and when they prepare financial reports. Evaluation methods will be a new thing for accountants because earlier they used only historical cost accounting. Additionally, it is useful to look through evaluation methods in the public and private sector accounting, to compare their use and to answer the questione whether the evaluation process will be the same in all... [to full text].
Published Šiauliai : Šiaulių universiteto leidykla
Type Journal article
Language Lithuanian
Publication date 2009